Amazon Pauses Cash Raises for Senior Managers, Prioritizes Junior Staff

• Amazon is not giving cash raises this year to senior managers and leaders (Level 6 and above) • These employees may receive additional company stock, but it's not guaranteed • Amazon believes these employees have already benefited from the 80% stock price increase in the past year • Amazon is prioritizing cash raises for more junior employees weighted towards base pay rather than stock • This comes as Amazon looks to trim costs and increase profits under new CEO Andy Jassy